The prominent financial services firm Galaxy Digital has recently led a $7 million funding round for Tenbin Labs, an innovative New York-based startup seeking to revolutionize the tokenization of real-world assets. Through this capital injection, the company plans to integrate gold and various foreign currencies into the Blockchain in an efficient and modern manner.
Under the strategic direction of Yuki Yuminaga, co-founder of Tenbin, the project moves away from traditional physical custody models to utilize CME exchange futures contracts, thereby ensuring highly accurate pricing. This methodology allows not only for capturing the yield from the futures basis but also offers users a much more agile and profitable financial alternative.
Joining the venture capital division of Galaxy Digital, other highly relevant players such as Wintermute Ventures, GSR, and FalconX have joined the support of this emerging technology. Thus, the startup is preparing to launch a tokenized gold product, marking a milestone in the operational efficiency of today’s decentralized financial markets through institutional-grade tools.
A financial infrastructure designed for institutional liquidity
Unlike previous versions of tokenized assets, which often suffered from slow settlements and outdated prices, the proposal backed by Galaxy Digital ensures instant settlements and deeply enhanced liquidity for all participants. The proprietary CME hedging system allows assets to maintain close parity with global economic reality, eliminating the usual frictions of traditional banking and intermediaries.
Furthermore, this technical approach facilitates Tenbin offering products linked to emerging market currencies, such as the Brazilian real and the Mexican peso, without the need to interact with local banks. Therefore, investors can access high-yield carry trade strategies, optimizing their portfolios with diversified assets that outperform the profitability of traditional dollar-linked stablecoins.
How will this technology transform access to global assets?
However, the true potential of this initiative lies in its ability to offer real pricing and integrated yields in a single token, representing a significant evolution for the sector. By avoiding complex custody wrappers, the platform allows holders to move freely between protocols, fostering greater adoption of financial tools of institutional grade within diverse digital environments.
On the other hand, collaboration with top-tier brokers such as Hidden Road and StoneX ensures that the launch of tokenized gold, scheduled for early this year, has the necessary support to scale quickly. Ultimately, the bet by Galaxy Digital suggests that the future of tokenization is not just about registering assets, but about creating intrinsically superior financial instruments accessible to everyone.
